Is Competition Affecting Technology?

This is something that has been a core of many such developments in the technological fields that may not find grounds in real life. There are so many technological developments being made in a lot of goods that the humans use of continuous basis. For example cell phones:- each and every individual is dependent on cell phones. There is a constant demand for a new product in the market and the manufacturer are constantly making efforts in creating new brands and providing new facilities. A lot of these facilities that are now associated with mobile phones in particular are not even something that a phone was supposed to do in the first place. The time is to think about what is this one thing that could be the reason for such drastic and rapid developments that has led to such a change in the current market.
The reasons for the same are many. One major reason is competition pertaining in the market. The question that stands out to me is that due to these competitions are we moving towards something that is not even a necessity. Are we just creating an image so as to provide am advancement in technology just so that there is a competitive edge or is there genuine and aligned technological advancement that is seen in the market? The idea was always to make human life simpler, but in that is it creating a problem for humans and are humans becoming a slave to the technology, they are some point that keeps the mind going, but the fact remains that technology has changed how the world works.